Company Valuation: Capital VC Limited

Data adjusted to current consolidation scope
Fiscal Period: September 2020 2021 2022 2023 2024 2025
Market Cap 1 111.6 96.11 75.62 65.12 33.61 65.27
Change - -13.86% -21.31% -13.89% -48.39% 94.19%
Enterprise Value (EV) 1 -101.2 -226 -212.4 -119.7 -122.6 -308.1
Change - -123.41% 6.04% 43.66% -2.42% -151.41%
P/E -1.06x 1.65x -0.85x -0.44x -1.69x 0.5x
PBR 0.25x 0.18x 0.16x 0.2x 0.11x 0.15x
PEG - -0x 0x -0x 0x -0x
Capitalization / Revenue -2.39x 1.15x -2.86x -0.58x -11.8x 0.46x
EV / Revenue 2.16x -2.71x 8.04x 1.06x 43.1x -2.15x
EV / EBITDA 1.54x -3.28x 4.48x 0.92x 9.57x -2.32x
EV / EBIT 1.54x -3.28x 4.47x 0.91x 9.44x -2.32x
EV / FCF 1.56x -1.66x 4.78x 3.06x -7.15x -3.83x
FCF Yield 64.3% -60.4% 20.9% 32.7% -14% -26.1%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -0.3829 0.17 -0.2113 -0.3548 -0.0474 0.2914
Distribution rate - - - - - -
Net sales 1 -46.77 83.28 -26.43 -112.8 -2.847 143
EBITDA 1 -65.72 68.91 -47.42 -130.6 -12.8 133
EBIT 1 -65.75 68.88 -47.56 -130.8 -12.98 132.9
Net income 1 -105.5 62.72 -88.13 -149.1 -19.92 131.1
Net Debt 1 -212.8 -322.2 -288 -184.8 -156.2 -373.4
Reference price 2 0.4050 0.2800 0.1800 0.1550 0.0800 0.1450
Nbr of stocks (in thousands) 275,488 343,238 420,128 420,128 420,128 450,128
Announcement Date 1/28/21 1/28/22 1/30/23 1/31/24 1/23/25 1/28/26
1HKD in Million2HKD
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 12.63M
15.7x3.77x - 2.25% 170B
19.97x5.68x12.16x2.09% 170B
17.68x7.71x - 1.42% 110B
23.75x12.41x21.3x4.11% 78.17B
14.34x5.42x - 1.83% 52.71B
12.21x1.88x5.77x1.2% 49.17B
5.37x5.55x3.99x3.4% 37.86B
14.51x5.28x16.46x1.81% 33.82B
Average 15.44x 5.96x 11.94x 2.26% 78.02B
Weighted average by Cap. 16.98x 5.97x 12.80x 2.22%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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